tag:blogger.com,1999:blog-21987184.post-45085055928007885612008-06-11T00:56:00.003+02:002008-06-11T01:04:48.774+02:00<div style="text-align: justify;">The <span style="font-weight: bold; color: rgb(255, 153, 0);">International Energy Agency</span> says <span style="font-weight: bold;">Russia</span> has turned into the biggest crude oil producer, a title traditionally belonged to <span style="font-weight: bold;">Saudi Arabia</span>.<br /><br />The <span style="font-weight: bold; color: rgb(255, 153, 0);">International Energy Agency</span> declared on Tuesday that Russia has been the biggest crude oil producer in the first quarter of 2008, extracting 9.5 million barrels per day, ahead of Saudi Arabia at 9.2 million barrels, AFP reported. The <span style="font-weight: bold; color: rgb(255, 153, 0);">International Energy Agency</span> ranks the United States as the third-biggest producer with 5.1 million barrels per day, followed by Iran, pumping 4 million barrels per day<br /><br /><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer;" src="http://bp1.blogger.com/_m50azKGBdwU/SE8Hp76dzeI/AAAAAAAAG9U/LY3WPJ47aaI/s400/Russia+is+biggest+oil+producer++.jpg" alt="[GEOPOLITIC] Russia is biggest oil producer. International Energy Agency" id="[GEOPOLITIC] Russia is biggest oil producer. International Energy Agency" border="0" /><span style="font-weight: bold;">China</span> is in fifth place with output of 3.8 million barrels per day. In principle, <span style="font-weight: bold;">Russia</span>'s oil bonanza could continue for years: it has the world's seventh-biggest oil reserves, at 80 billion barrels, according to BP, a British oil firm.<br /><br />And oilmen reckon there are 100 billion more barrels to find--"the biggest exploration prize in the world", in the words of Robert Dudley, the boss of <span style="font-weight: bold; color: rgb(255, 204, 102);">TNK-BP</span><span style="font-weight: bold;">, BP</span>'s Russian joint venture.<br /></div><br /><span style="font-size:85%;">Source: <a href="http://www.presstv.com/">PressTV</a></span><div class="blogger-post-footer"><script src="http://feeds.feedburner.com/~s/baja-EnergyBlog-laveaga?i={$entrydata.url|escape:url}" type="text/javascript" charset="utf-8"></script></div>Staff Writerhttp://www.blogger.com/profile/01595895436414092599noreply@blogger.com